April 13, 2020

CEO Kelly Speakes-Backman’s Statement on the Virginia Clean Economy Act

“Today marks a new record for the U.S. energy storage and clean energy industries. Governor Northam signed the Virginia Clean Economy Act (VCEA) into law, requiring 3,100 MW of new energy storage procurements by 2035 to support the state’s transition to 100% clean energy,” said Kelly Speakes-Backman, CEO of the U.S. Energy Storage Association. “This is significant milestone – it is the largest target of any state in the nation. Building on Virginia’s legacy of pumped hydroelectric storage, the VCEA signals companies to invest long-term in Virginia’s workforce and our nation’s clean energy future. Grid batteries, new pumped hydro, and other storage technologies are critical to a resilient, efficient, sustainable and affordable electric grid.”

“Additionally, by specifying that at least 35% of storage capacity be operated by or acquired from third parties, the VCEA takes an important step toward creating a healthy competitive landscape to make the in-state storage industry more robust. ESA commends Governor Northam, Senator McClellan, Representative Sullivan, and the General Assembly for their leadership in making Virginia a top energy storage state, and we look forward to supporting implementation of the VCEA’s storage target in the months to come.”

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